Should you buy, sell or hold BoB, IOC, Jindal Steel, LIC Housing Finance shares?
Which stocks to buy, hold or sell today? As Dalal Street enters the May 15 session, here's a look at what brokerages make of some of the key stocks in focus. On their radar are stocks such as Bharti Airtel, Bank of Baroda, Jindal Steel and Power, and others.
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Which stocks to buy, hold or sell today? As Dalal Street enters the May 17 session, here's a look at what brokerages make of some of the key stocks in focus.
On their radar are stocks such as Bharti Airtel, Bank of Baroda, Jindal Steel and Power, LIC Housing Finance, Indian Oil Corporation, and others.
Do you have any of these stocks in your portfolio?
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Bharti Airtel
Except for JP Morgan, most global brokerages are positive on shares of Bharti Airtel – a telecom major – a day after the company announced its March quarter earnings for the previous fiscal year.
Goldman Sachs and Jefferies each have a buy rating on the stock, while Morgan Stanley maintains an ‘overweight’ stance and Credit Suisse retains an ‘outperform’ call on the Airtel shares.
Bank of Baroda
Almost all global brokerages are bullish on public sector lender Bank of Baroda after stellar earnings growth in the last three months period of fiscal year 2022-23. Citi, HSBC and CLSA each have a ‘buy’ rating on BoB shares, while Morgan Stanley and JP Morgan each retained an ‘overweight’ call.
Jindal Steel and Power
Brokerages are divided on Jindal Steel and Power shares amid lower-than-estimated Q4 numbers, which were announced on Tuesday. Citi has a ‘buy’ call, Morgan Stanley maintained an ‘underweight’ stance and Macquarie gives a ‘neutral’ rating on the stock.
LIC Housing Finance
Despite better earnings, the brokerages are also divided on LIC Housing Finance shares as CLSA gives a ‘buy’ call, Citi maintains a ‘sell’ rating and Morgan Stanley has an ‘underweight’ stance.
Indian Oil Corporation
Similarly, brokerages are also divided on shares of Indian Oil Corporation – an oil marketing company – despite registering a 10-year high quarterly profit, according to CLSA, which maintained a ‘buy’ call on the stock, while Morgan Stanley has an ‘overweight’ and Jefferies recommend to ‘hold’.
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